Constellation Brands, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Constellation Brands, Inc. (NYSE:STZ) will unveil its latest earnings on Thursday, October 6, 2011. Constellation Brands is a wine company with operations in the U.S., Canada, the United Kingdom, Australia and New Zealand.

Constellation Brands, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 66 cents per share, a rise of 26.9% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 65 cents during the last month. For the year, analysts are projecting net income of $1.96 per share, a rise of 2.6% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 39 cents per share against a mean estimate of net income of 37 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 22.6% in revenue from the year-earlier quarter to $667.9 million.

Analyst Ratings: Analysts seem relatively indifferent about Constellation Brands with four of seven analysts surveyed maintaining a hold rating.

Key Stats:

Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 19.3% to $635.3 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 0.9%.

Competitors to Watch: Castle Brands Inc. (AMEX:ROX), Diageo plc (NYSE:DEO), Willamette Valley Vineyards, Inc. (NASDAQ:WVVI), Molson Coors Brewing Co. (NYSE:TAP), Craft Brewers Alliance, Inc. (NASDAQ:HOOK), Compania Cervecerias Unidas S.A. (NYSE:CCU), Fortune Brands, Inc. (NYSE:FO), Anheuser-Busch InBev (NYSE:BUD), Boston Beer Company (NYSE:SAM) and Companhia de Bebidas das Americas (NYSE:ABV).

Stock Price Performance: During July 7, 2011 to September 30, 2011, the stock price had fallen $3.76 (-17.3%) from $21.76 to $18. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 25, 2011 when shares rose for eight-straight days, rising 7.1% (+$1.28) over that span. It saw one of its worst periods between July 21, 2011 and August 4, 2011 when shares fell for 11-straight days, falling 15.5% (-$3.33) over that span. Shares are down $4.15 (-18.7%) year to date.

(Source: Xignite Financials)

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